PDD Holdings Inc.
PDD- Exchange
- Nasdaq
- Industry
- Services-Business Services, NEC
- SEC CIK
- 0001737806
In the last 90 days, PDD Holdings Inc. insiders filed 0 open-market purchases and 1 sale; 508 institutions reported holding it in 13F filings for Q2 2026, worth $32.9B in total; 4 superinvestors hold it, including H&H International Investment and Himalaya Capital.
13F holders, Q3 2025
Institutional positions in PDD Holdings Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 560
- +29 vs. Q2 2025
- Shares held
- 408.5M
- +11.3M (+2.8%) vs. Q2 2025
- Total value
- $53.9B
- +$12.4B (+29.8%) vs. Q2 2025
- New holders
- 93
- 220 more added
- Sold out
- 64
- 177 more reduced
6 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting PDD on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 508 | $32.9B |
| Q1 2026 | 568 | $43.4B |
| Q4 2025 | 574 | $49.6B |
| Q3 2025 | 560 | $53.9B |
| Q2 2025 | 537 | $42.9B |
| Q1 2025 | 584 | $49.1B |
| Q4 2024 | 587 | $39.5B |
| Q3 2024 | 602 | $55.8B |
| Q2 2024 | 646 | $57.6B |
| Q1 2024 | 577 | $44.2B |
| Q4 2023 | 584 | $55.8B |
| Q3 2023 | 473 | $35.8B |
| Q2 2023 | 452 | $23.2B |
| Q1 2023 | 468 | $25.9B |
| Q4 2022 | 451 | $26.5B |
| Q3 2022 | 411 | $19.2B |
| Q2 2022 | 394 | $17.7B |
| Q1 2022 | 353 | $11.0B |
| Q4 2021 | 362 | $15.7B |
| Q3 2021 | 396 | $24.7B |
| Q2 2021 | 415 | $31.8B |
| Q1 2021 | 442 | $31.9B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BI Asset Management Fondsmaeglerselskab A/S | 179,175 | $23.7M | 0.21% | +164,414+1,113.8% | Added |
| National Pension Service | 179,463 | $23.7M | 0.02% | +6,395+3.7% | Added |
| AI-Squared Management Ltd | 180,508 | $23.9M | 24.84% | +143,608+389.2% | Added |
| Credit Agricole S A | 180,642 | $23.9M | 0.08% | +180,642 | New |
| Polymer Capital Management (HK) LTD | 182,184 | $24.1M | 3.35% | +17,684+10.8% | Added |
| Voya Investment Management LLC | 183,214 | $24.2M | 0.02% | +33,574+22.4% | Added |
| BIT Capital GmbH | 183,423 | $24.2M | 1.11% | −267,160−59.3% | Reduced |
| Parus Finance (UK) Ltd | 183,476 | $24.3M | 6.37% | +6,620+3.7% | Added |
| Tiger Pacific Capital LP | 187,323 | $24.8M | 6.26% | +187,323 | New |
| Resona Asset Management Co.,Ltd. | 187,947 | $24.8M | 0.12% | −6,326−3.3% | Reduced |
| WCM Investment Management, LLC | 193,785 | $25.3M | 0.05% | −86,100−30.8% | Reduced |
| KBC Group NV | 197,852 | $26.1M | 0.06% | +9,975+5.3% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 198,180 | $26.2M | 0.06% | +9,568+5.1% | Added |
| AXA Investment Managers S.A. | 198,948 | $26.3M | 0.07% | +198,948 | New |
| Ardmore Road Asset Management LP | 200,000 | $26.4M | 1.71% | +200,000 | New |
| Centiva Capital, LP | 203,192 | $26.9M | 2.50% | +203,192 | New |
| NEOS Investment Management LLC | 204,356 | $27.0M | 0.20% | +83,963+69.7% | Added |
| Panagora Asset Management Inc | 205,965 | $27.2M | 0.11% | +102,830+99.7% | Added |
| Monolith Management Ltd | 209,393 | $27.7M | 12.20% | +16,385+8.5% | Added |
| Teachers Retirement System of the State of Kentucky | 213,860 | $28.3M | 0.21% | +39,700+22.8% | Added |
| Keywise Capital Management (HK) Ltd | 219,850 | $29.1M | 2.33% | −1,105,200−83.4% | Reduced |
| Exchange Traded Concepts, LLC | 220,553 | $29.2M | 0.28% | +1,349+0.6% | Added |
| Public Employees Retirement System of Ohio | 223,495 | $29.5M | 0.09% | +54,360+32.1% | Added |
| Quadrature Capital Ltd | 228,754 | $30.2M | 0.36% | +228,754 | New |
| Marex Group plc | 232,973 | $30.8M | 0.38% | +114,323+96.4% | Added |
| Manufacturers Life Insurance Company, The | 245,340 | $32.4M | 0.03% | −6,204−2.5% | Reduced |
| Bank of Montreal | 254,979 | $33.7M | 0.01% | +29,446+13.1% | Added |
| SEI Investments Co | 260,413 | $34.4M | 0.04% | +50,261+23.9% | Added |
| Handelsbanken Fonder AB | 262,178 | $34.7M | 0.11% | −817−0.3% | Reduced |
| British Columbia Investment Management Corp | 276,500 | $36.5M | 0.21% | +5,800+2.1% | Added |
| E Fund Management (Hong Kong) Co., Ltd. | 288,652 | $38.2M | 23.22% | +6,018+2.1% | Added |
| AnglePoint Asset Management Ltd | 294,649 | $38.9M | 35.04% | +2,775+1.0% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 299,005 | $39.5M | 0.12% | +38,876+14.9% | Added |
| RV Capital GmbH | 301,232 | $39.8M | 7.29% | −34,337−10.2% | Reduced |
| SG Americas Securities, LLC | 301,450 | $39.8M | 0.15% | +201,998+203.1% | Added |
| Causeway Capital Management LLC | 309,641 | $40.9M | 0.54% | +309,641 | New |
| Todd Asset Management LLC | 318,435 | $42.1M | 0.85% | +59,387+22.9% | Added |
| APG Asset Management N.V. | 377,528 | $42.5M | 0.12% | −31,800−7.8% | Reduced |
| M&G Plc | 325,605 | $43.0M | 0.23% | −10,683−3.2% | Reduced |
| California State Teachers Retirement System | 325,374 | $43.0M | 0.04% | +616+0.2% | Added |
| Victory Capital Management Inc | 326,330 | $43.1M | 0.03% | −983−0.3% | Reduced |
| TB Alternative Assets Ltd. | 345,888 | $45.7M | 6.84% | +133,000+62.5% | Added |
| Mirae Asset Global Investments Co., Ltd. | 349,383 | $46.2M | 0.14% | +1,058+0.3% | Added |
| Capital International Inc | 357,166 | $47.2M | 0.38% | +5,833+1.7% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 367,068 | $48.3M | 0.13% | +31,035+9.2% | Added |
| Oversea-Chinese Banking CORP Ltd | 368,564 | $48.7M | 1.26% | +54,418+17.3% | Added |
| Mackenzie Financial Corp | 371,390 | $49.1M | 0.06% | +10,236+2.8% | Added |
| Carrhae Capital LLP | 386,924 | $51.1M | 4.86% | −116,671−23.2% | Reduced |
| Squarepoint Ops LLC | 390,126 | $51.6M | 0.11% | +44,529+12.9% | Added |
| Harvest Fund Management Co., Ltd | 396,109 | $52.3M | 2.22% | −8,620−2.1% | Reduced |
| DekaBank Deutsche Girozentrale | 408,010 | $53.7M | 0.09% | 00.0% | Unchanged |
| Public Sector Pension Investment Board | 411,930 | $54.4M | 0.20% | −33,900−7.6% | Reduced |
| Punch Card Management L.P. | 415,004 | $54.9M | 17.01% | 00.0% | Unchanged |
| Balyasny Asset Management LLC | 438,634 | $58.0M | 0.12% | +348,803+388.3% | Added |
| Cat Rock Capital Management LP | 445,228 | $58.8M | 7.26% | −8,000−1.8% | Reduced |
| Simplex Trading, LLC | 463,452 | $61.3M | 1.35% | +463,452 | New |
| USS Investment Management Ltd | 472,054 | $62.4M | 0.30% | +260,209+122.8% | Added |
| Trivest Advisors Ltd | 490,000 | $64.8M | 2.07% | +470,300+2,387.3% | Added |
| Matthews International Capital Management LLC | 493,802 | $65.3M | 15.20% | −6,224−1.2% | Reduced |
| Franchise Capital Ltd | 501,460 | $66.3M | 28.85% | −590−0.1% | Reduced |
| Maple Rock Capital Partners Inc. | 518,941 | $68.6M | 2.77% | −243,600−31.9% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 520,976 | $68.9M | 0.13% | −567,739−52.1% | Reduced |
| Barings LLC | 539,000 | $71.2M | 1.36% | +55,513+11.5% | Added |
| Allianz Asset Management GmbH | 542,799 | $71.7M | 0.09% | +39,296+7.8% | Added |
| Korea Investment CORP | 545,887 | $72.1M | 0.15% | −9,500−1.7% | Reduced |
| Polar Capital Holdings Plc | 555,898 | $73.5M | 0.35% | −18,922−3.3% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 562,415 | $74.3M | 0.12% | −53,694−8.7% | Reduced |
| Fisher Asset Management, LLC | 575,944 | $76.1M | 0.03% | +11,800+2.1% | Added |
| Charles-Lim Capital Ltd | 600,000 | $79.3M | 20.23% | +600,000 | New |
| Kora Management LP | 604,250 | $79.9M | 8.48% | +151,000+33.3% | Added |
| National Bank of Canada | 605,690 | $80.1M | 0.09% | −1,205,447−66.6% | Reduced |
| Point72 Asset Management, L.P. | 614,101 | $81.2M | 0.18% | +459,036+296.0% | Added |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 619,113 | $81.8M | 15.12% | +3,977+0.6% | Added |
| Aviva PLC | 652,449 | $86.2M | 0.16% | +33,630+5.4% | Added |
| Ameriprise Financial Inc | 672,951 | $88.9M | 0.02% | +38,179+6.0% | Added |
| Franklin Resources Inc | 681,332 | $90.1M | 0.02% | +10,697+1.6% | Added |
| Royal London Asset Management Ltd | 688,372 | $91.0M | 0.20% | +134,400+24.3% | Added |
| Lazard Asset Management LLC | 717,956 | $94.9M | 0.13% | +67,805+10.4% | Added |
| ProShare Advisors LLC | 746,065 | $98.6M | 0.21% | −198,418−21.0% | Reduced |
| Cederberg Capital Ltd | 755,900 | $99.9M | 28.53% | +243,900+47.6% | Added |
| WT Asset Management Ltd | 756,540 | $100.0M | 4.62% | +751,540+15,030.8% | Added |
| First Trust Advisors LP | 759,737 | $100.4M | 0.07% | −423,426−35.8% | Reduced |
| GF Fund Management Co. Ltd. | 793,042 | $104.8M | 1.90% | −118,044−13.0% | Reduced |
| Evergreen Quality Fund GP, Ltd. | 804,054 | $106.3M | 2.36% | +22,254+2.8% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 817,939 | $108.1M | 0.08% | +61,552+8.1% | Added |
| Russell Investments Group, Ltd. | 825,884 | $108.7M | 0.12% | +160,139+24.1% | Added |
| Royal Bank of Canada | 885,792 | $117.1M | 0.02% | +235,528+36.2% | Added |
| Wellington Management Group LLP | 894,551 | $118.2M | 0.02% | −25,124−2.7% | Reduced |
| Great West Life Assurance Co | 908,673 | $118.7M | 0.17% | +35,058+4.0% | Added |
| American Century Companies Inc | 952,302 | $125.9M | 0.06% | +198,179+26.3% | Added |
| Susquehanna Advisors Group, Inc. | 954,200 | $126.1M | 3.89% | +104,200+12.3% | Added |
| Alliancebernstein L.P. | 993,690 | $131.3M | 0.04% | +945,834+1,976.4% | Added |
| IvyRock Asset Management (HK) Ltd | 1,035,249 | $136.8M | 58.79% | −51,600−4.7% | Reduced |
| Green Court Capital Management Ltd | 1,060,800 | $140.2M | 63.76% | +315,200+42.3% | Added |
| Acadian Asset Management LLC | 1,105,071 | $146.0M | 0.25% | +884,162+400.2% | Added |
| Charles Schwab Investment Management Inc | 1,193,205 | $157.7M | 0.03% | +70,430+6.3% | Added |
| California Public Employees Retirement System | 1,194,229 | $157.8M | 0.09% | +132,789+12.5% | Added |
| Standard Life Aberdeen plc | 1,228,193 | $161.8M | 0.26% | −50,473−3.9% | Reduced |
| Massachusetts Financial Services Co | 1,244,571 | $164.5M | 0.05% | −136,728−9.9% | Reduced |
| Pictet Asset Management Holding SA | 1,263,344 | $167.0M | 0.16% | +363,104+40.3% | Added |